Yeah tomorrow is going to another dumpster fire day at work. The last two days have been quieter since the initial panic over the reciprocals died down mostly.
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The 34% China reciprocal is now 84%.
So funny how a businessman thinks he can run a country like a corporation. And funny that the voters just assume the economy is going to boom just because the businessman/president/oligarch is going to be running the show the same way he ran his own businesses. Never mind that he had to seek bankruptcy protection a few times with his own businesses.
I think some people confuse Trump the business man with Trump the mad king.
I see in his speech last night he has proposed to put tariffs on all pharmaceutical imports and medicines that had been previously exempt. Of course he is known to just say things for effect.
"British drugmakers AstraZeneca and GSK topped the losers board in London, both down over 4%. Europe's most valuable company Novo Nordisk, which produces weight-loss drugs Ozempic and Wegovy, fell around 5% in Copenhagen. French pharmaceutical group Sanofi and German biotech firm Sartorius also dropped around 5%."
Orange Man is a property developer. If he had been in manufacturing, hopefully it would have been different.
I could see this as being his strength, before he went mad. From a former co-star.
Shark Tank Investor Barbara Corcoran On Donald Trump As A Businessman
https://www.youtube.com/watch?v=d-pk-aVvVNs
Not especially-related:
I have just applied for a 6-12 week residency program in Svalbard for this coming winter. If accepted, I'll be doing some photojournalism of their emergency response organizations and a few other odds-and-end. And spending some time chatting with folks at the university there about their arctic physics programs, and see if I can talk them into something.
What makes it an Arctic physics program? Their temperature, because I was thinking Arctic physics, wouldn't that really be at the Kelvin level?
Well, some success to report. After months of hassling with the Social Security Administration, my first Social Security check ever arrived this last week and magically was auto deposited into my bank account. I decided to pull the trigger to begin receiving benefits at the age of 62, for “reasons”.
Agreed, start taking the government money ASAP when the gubmnt gives it out. I waited a couple years past 62 for mine, but didn’t have a good reason for that really.
You don’t have to consider it the government’s money.
Because the gubmnt controls how much is in “My” fund and how it is paid out, because they can decide not to pay it to me or can cut it any time, and because they will keep it if I drop dead tomorrow, I consider it not-my-money.
I just looked up my statement. Since I "retired" when I was about 36, my total contributions were fairly minimal, though maxed-out some of those working years. Looks like if I total my contributions + employer contributions, I'll get those funds back in 5 years, and then it'll be "pure profit"...
Now, if I'd taken that same sum of money and bought an S&P500 index fund in 1999 when I "retired", I'd have about $1 million in cash today, assuming dividend reinvestment. That cash, invested boringly, would yield me nearly twice the yearly income that Social Security will be providing me, without much risk of principal depletion.
Bother. I probably shouldn't have just done that math.
You can see why the younger folks at my workplace voted AGAINST
joining the Social Security system when we put it to a vote in the year 2013.
There was rumbling and grumbling at this attitude around the administrative table, apparently from those who cannot math.
Librarians aren’t especially strong at numbers.